Question

purchased goods from henry for 50000 on 10% trade discount and 4% cash discount and paid 60% amount by cheque​

Answer 1

Answer:

Explanation:

Purchased A/c                                   Dr    45,000.00

    To Discount A/c                                                          1,800.00

    To Bank A/c                                                              43,200.00  

(Being goods purchased on discount)